Risks and Rewards of Brownfield Redevelopment PDF Download
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Author: James G. Wright
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
Brownfields are abandoned or underused industrial and commercial facilities where expansion or redevelopment is complicated by environmental contamination that may present direct public health hazards. The more serious threat is to the economic health of the host city due to lost jobs, abandoned industrial sites, and the expansion of blighted neighborhoods. Ultimately, the private real estate market will determine how brownfields are reused, but this report concludes that government must also act to protect the public interest.
Author: James G. Wright
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
Brownfields are abandoned or underused industrial and commercial facilities where expansion or redevelopment is complicated by environmental contamination that may present direct public health hazards. The more serious threat is to the economic health of the host city due to lost jobs, abandoned industrial sites, and the expansion of blighted neighborhoods. Ultimately, the private real estate market will determine how brownfields are reused, but this report concludes that government must also act to protect the public interest.
Author: James G. Wright
Publisher:
ISBN:
Category : Brownfields
Languages : en
Pages : 32
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Book Description
Author: Christopher de Sousa
Publisher: Emerald Group Publishing
ISBN: 0080453589
Category : Social Science
Languages : en
Pages : 305
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Book Description
Examines the role that brownfields redevelopment is playing and can play in our quest for sustainability, focusing on efforts in the US and Canada. This book looks at how brownfields are used as spaces for developing an array of residential, recreational, and employment-oriented projects that have breathed new life into the urban environment.
Author: Joaquin Jay Gonzalez III
Publisher: McFarland
ISBN: 1476683603
Category : Business & Economics
Languages : en
Pages : 374
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Book Description
In urban planning, a brownfield is a former industrial or commercial site where environmental contamination hinders development. They exist in almost every community--there is probably one in your neighborhood--and state or federal resources can be used to facilitate assessment, cleanup and reuse. Drawing on a range of local and international experiences, this collection of essays focuses on cases where citizens, nonprofits, developers, cities, and state and federal agencies overcame challenges and mitigated risks to redevelop brownfields using leading-edge practices and simple innovations. The Covid-19 pandemic and mass civil unrest of 2020 underscores the importance of health and social justice considerations in future development initiatives.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: C. A. Brebbia
Publisher: WIT Press
ISBN: 1845640411
Category : Architecture
Languages : en
Pages : 289
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Book Description
This book focuses on the problems facing the public and private sectors and the engineering and scientific communities in terms of the decrease of available new land for development purposes. Given the economic and social benefits of brownfields redevelopment, there is a need for guidance on processes that ensure the acceptability and therefore viability of such redevelopment. The preparation of the guidance requires further research as well as the sharing of information, lessons and experience among experts in this field. Featuring papers from the Third International Conference on Prevention, Assessment, Rehabilitation and Development of Brownfield Sites, the text will be vital to practitioners and businessmen in industry and commerce as well as those in research organisations interested in the problems facing the prevention, assessment, rehabilitation and development of brownfields. The papers published in the book are grouped into the following sections: Development Issues; Environmental Assessment; Risk Assessment and Management; Cleanup Methodologies; Case Studies; Community and Public Involvement; Lessons from the Field; Modelling and Assessment; Monitoring of Contaminated Sites.
Author: Todd S. Davis
Publisher: American Bar Association
ISBN: 9781570739613
Category : Business & Economics
Languages : en
Pages : 1136
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Book Description
Written for real estate lawyers, environmental lawyers, property owners, lenders, environmental consultants, environmental regulators, state or local government leaders and developers.
Author: E. Beriatos
Publisher: WIT Press
ISBN: 1845641051
Category : Architecture
Languages : en
Pages : 289
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Book Description
Rehabilitation of brownfields, particularly those which are contaminated can be an expensive undertaking and requires not only technical solutions but the involvement of financial, regulatory and community stakeholders. Fundamental to this process is the analysis of the risks involved and the development of the appropriate strategies. Those need to be weighted against the economic and social benefits of brownfield development, to assess the general viability of the redevelopment. In most cases the demand for development land drives the process forward, while sometimes the rehabilitation is grounded on the wish to restore the landscape and the ecology of a region. This volume contains the proceedings of the Fourth International Conference on Prevention, Assessment, Rehabilitation and Development of Brownfield Sites that was held in Cephalonia (Greece) in May 2008. Brownfield development is in most cases essential to attract new business to the locality and for the creation of healthy communities. Therefore, there is a great need for deeper research and study of all aspects of the problem - technical, institutional, financial, social - and an exchange of ideas, know-how and experience among experts and scientists. The proceedings have been arranged into the following sections: Rehabilitation of Brownfields; Development Issues; Remediation Studies and Technologies; Case Studies; Risk Assessment and Management; Community and Public Involvement.
Author: United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk Assessment
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
Author: Xiaomin Wang
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Over the course of the past several decades the benefits of redeveloping brownfields have been widely recognized. Actions have been taken to foster sustainable redevelopment of brownfields by government, policy makers and stakeholders across the world. However, redevelopments encounter great challenges and risks related to environmental and non-environmental issues. In this work, we intend to build a comprehensive and practical framework to evaluate the hydrogeological and financial risks involved during redevelopment and to ensure developers reserve sufficient capital to cover unexpected future costs within the guarantee period. Punitive damages, which contribute to these costs, are in this thesis solely associated with the cost of repossessing a house within a development should the indoor air concentration of TCE exceed the regulatory limit at a later time. The uncertainties associated with brownfield remediation have been among the barriers to brownfield redevelopment. This is mainly caused by the lack of knowledge about a site's environmental condition. In order to alleviate uncertainties and to better understand the contaminant transport process in the subsurface, numerical simulations have been conducted to investigate the role of controlling parameters in determining the fate and transport of volatile organic compounds originating from a NAPL source zone located below the water table in the subsurface. In the first part of this thesis, the numerical model CompFlow Bio is used on a hypothesized three-dimensional problem geometry where multiple residential dwellings are built. The simulations indicate that uncertainty in the simulated indoor air concentration is sensitive to heterogeneity in the permeability structure of a stratigraphically continuous aquifer with uncertainty defined as the probability of exceeding a regulatory limit. Houses which are laterally offset from the groundwater plume are less affected by vapour intrusion due to limited transverse horizontal flux of TCE within the groundwater plume in agreement with the ASTM (2008) guidance. Within this uncertainty framework, we show that the Johnson and Ettinger (1991) model generates overly-conservative results and contributes to the exclusion zone being much further away from the groundwater plume relative to either CompFlow Bio or ASTM (2008). The probability of failure (or the probability of exceedence of the regulatory limit) is defined and calculated for further study. Due to uncertainties resulting from parameter estimation and model prediction, a methodology is introduced to incorporate field measurements into the initial estimates from the numerical model in order to improve prediction accuracy. The principle idea of this methodology is to combine the geostatistical tool kriging with the statistical data assimilation method Kalman filter to evaluate the worth and effectiveness of data in a quantitative way in order to select an optimal sampling scenario. This methodology is also used to infer whether one of the houses located adjacent to affected houses has indoor air problems based on the measurements subject to the observation that the affected house is monitored and has problems and developers have liability if a problem occurs. In this part of the study, different sampling scenarios are set up in terms of permeability (1 - 80 boreholes) and soil gas concentration (2, 4 and 7 samples) and three metrics are defined and computed as a criterion for comparison. Financing brownfield redevelopment is often viewed as a major barrier to the development process mainly due to risks and liabilities associated with brownfields. The common way of managing the risk is to transfer it to insurers by purchasing insurance coverage. This work provides two different strategies to price the risk, which is equivalent to an insurance premium. It is intended to give an instructive insight into project planning and feasibility studies during the decision-making process of a brownfield project. The two strategies of risk capital valuation are an actuarial premium calculation principle and a martingale premium calculation principle accounting for the hydrogeological and financial uncertainties faced in a project. The data used for valuation are the posterior estimates of data assimilation obtained from the results of different sampling scenarios. The cost-benefit-risk analysis is employed as a basis to construct the objective function in order to find the least cost among sampling scenarios for the project. As a result, it shows that drilling seven boreholes to extract permeability data and taking soil gas samplings in four locations or seven locations alternatively give the minimum total cost. Sensitivity analysis of some influential parameters (the safety loading factors and the possible methods to calculate the probability of failure) is performed to determine their roles of importance in the risk capital valuation. This framework can be applied to provide guidance for other risk-based environmental projects.
